Petrol Prices Up by Ksh 1.48/litre, Diesel Drops vy Ksh 0.12/litre

Petrol Prices Up by Ksh 1.48/litre, Diesel Drops vy Ksh 0.12/litre

Sections of Ngong Road Phase I.

Fuel prices in Kenya have declined marginally in September according to the latest review by the Energy and Petroleum Regulatory Authority (EPRA). 

On Monday, EPRA announced KSh0.12 drop on a litre of diesel and KSh0.50 on a litre of kerosene. However, the prices of a litre of super petrol went up by KSh1.48.

EPRA attributed the price difference to the cost of imported diesel which decreased by 1.02 percent from $333.27 per cubic metre to $329.88 per cubic metre while that of kerosene decreased by 2.06 percent from $288.01 per cubic metre to $282.09 per cubic metre.

For petrol, the increase was a consequence of a rise in the average landed cost which rose by 2.65 percent from $319.23 per cubic metre in July to $327.69 per cubic metre in August.

The prices are inclusive of eight percent VAT in line with the provisions of the Finance Act 2018 and the Tax Laws.

The new prices will be effected from September 15 to October 14.